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Mansfield EDC authorizes board president to execute 10-year lease with Admiral Legacy to anchor Mansfield Innovation Community
Summary
The Mansfield Economic Development Corporation authorized its board president May 6 to execute a 10-year lease with Admiral Legacy Investments LLC to anchor the Mansfield Innovation Community (MEC) in the Link Innovation District, approving delegation to finalize contract language with the city attorney; board also approved a project discussed in executive session.
On May 6, 2025, the Mansfield Economic Development Corporation voted to authorize its board president to execute a 10-year lease with Admiral Legacy Investments LLC for a planned anchor building in the Mansfield Innovation Community, a project the presenter said is intended to attract biotech, life-sciences and medical-device firms to the Link Innovation District.
Rachel Moore, the presenter, told the board the proposed building would be a 100,000–150,000 square-foot Class A office and that the EDC would "be master leasing 50% of this building, so about 75,000 square feet." She said the agreement includes a rent-gap backstop for the building "for a maximum of 10 years," and that "total cash grants for this agreement equals 7,500,000.0," to be paid out by 2028.
Moore framed the project as filling a…
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